The document defines controlling as measuring and correcting subordinate activities to ensure conformity with plans. It outlines the basic controlling process as establishing standards, measuring performance against standards, and correcting variations. Some requirements for an effective control system include tailoring controls to plans and positions, focusing on exceptions, maintaining objectivity, and flexibility. Traditional control techniques include budgetary control and non-budgetary controls like internal audits. Modern techniques involve network methods like PERT and CPM which use charts to plan and control project activities and identify critical paths.
Controlling is the fourth function of management and involves monitoring progress toward goals, measuring performance against KPIs, comparing to standards, and taking corrective action. It is important for accomplishing goals, ensuring efficiency, improving motivation, and facilitating coordination. Technology and e-commerce help businesses control by providing tools to optimize planning and access data on finances, customers, and performance to determine strategies. The essentials of effective controlling include having a system that is suitable, timely, objective, flexible, economical, motivational, focuses on corrections, reflects the organization, considers the human factor, maintains direct control, and focuses on strategic points.
This document discusses the process of controlling in management. It defines controlling as measuring performance against standards and taking corrective action when needed. The key steps in the controlling process are: 1) Establishing standards of measurement, 2) Measuring actual performance, 3) Comparing actual performance to standards, 4) Analyzing causes of deviation, and 5) Taking corrective action. The document also discusses different types of controls like feed-forward, concurrent, and feedback controls and prerequisites for an effective control system like being simple, objective, and flexible.
This document discusses controlling as a key management function that involves monitoring performance, comparing it to standards, and taking corrective actions when needed. It outlines the process of controlling, including establishing standards, measuring actual performance, comparing to standards, and correcting deviations. The document also discusses essential elements of an effective control system, different budgetary and non-budgetary control techniques used by businesses, advantages and limitations of control methods, and factors that determine good control.
Control is a key managerial function that involves setting performance standards, measuring actual performance against those standards, analyzing any deviations, and taking corrective actions. An effective control system is forward-looking, detects deviations promptly, focuses on critical points, is objective and flexible, and motivates improvement. Setting standards and measuring performance allows managers to identify gaps and ensure organizational goals are met.
This document outlines the key aspects of controlling as a managerial function. It defines controlling as ensuring everything is carried out according to plan. Effective controls have several important characteristics: they are accurate, timely, objective, focused on strategic points, economically realistic, organizationally realistic, coordinated with workflow, flexible, prescriptive, and accepted by members. The control process involves establishing standards and methods to measure performance, measuring performance, determining if it matches standards, and taking corrective action if needed. Types of controls include budgetary controls using budgets and non-budgetary controls. Strategic control focuses on future goals rather than past performance.
7Keeping Things in CheckControls and the Control Process.docxsleeperharwell
7
Keeping Things in Check
Controls and the Control Process
Learning Objectives
After Studying This Chapter, Students Should Be Able To
· Understand the elements of control, measurement tools, and corrective steps
· Differentiate among the types of controls utilized within an organization
· Employ control strategies for effective management
· Identify which control processes are effective in an operational setting
· Describe an integrated planning process
Chapter Summary
Chapter 7 focuses on maintaining control by becoming adept at utilizing various control techniques and processes.
Components of the Control Process
There are four basic components of the control process:
1. Planning: Sets the directions and allocates resources.
2. Organizing: Brings people and material resources together in working combinations.
3. Leading: Inspires people to best utilize these resources.
4. Controlling: Checks that the right things happen, in the right way, and at the right time.
Objectives and Standards
· Objectives provide the performance targets.
· Output standards measure results in terms of performance quantity, quality, cost, or time.
· Input standards measure effort in terms of the amount of work expended in task performance.
Measurement Tools
Managers are able to not only adopt measurement tools by which success can be determined, but they also can use historical comparison (historical information), relative comparison (comparing to performances of others), or engineering comparison (comparing to scientific standards as a means of evaluating performance).
Corrective Action
The last step in the control process is to take any action necessary to correct or improve future performance. Management by exception can be used to direct action on problems requiring more urgent attention.
Effective Controls
The best managers, by contrast, are proactive and positive in applying the control process to full advantage. Effective controls in organizations share the following characteristics:
· Controls are understandable: They support decision making by presenting data in understandable terms; they do not involve complex reports and hard-to-understand statistics.
· Controls encourage self-control: They allow for mutual trust, good communication and participation among everyone involved.
· Controls are timely and exception-oriented: They report deviations quickly, lending insight into why a performance gap exists and what you can do to correct it.
· Controls are positive in nature: They emphasize their contribution to development, change, and systems improvement; they deemphasize their role in penalties and reprimands.
· Controls are fair and objective: They are considered impartial and accurate by everyone; they are respected for one fundamental purpose—performance enhancement.
· Controls are flexible: They leave room for individual judgment and can be modified to fit new circumstances as they arise.
Types of Control
A variety of control strat.
The document defines controlling as measuring and correcting subordinate activities to ensure conformity with plans. It outlines the basic controlling process as establishing standards, measuring performance against standards, and correcting variations. Some requirements for an effective control system include tailoring controls to plans and positions, focusing on exceptions, maintaining objectivity, and flexibility. Traditional control techniques include budgetary control and non-budgetary controls like internal audits. Modern techniques involve network methods like PERT and CPM which use charts to plan and control project activities and identify critical paths.
Controlling is the fourth function of management and involves monitoring progress toward goals, measuring performance against KPIs, comparing to standards, and taking corrective action. It is important for accomplishing goals, ensuring efficiency, improving motivation, and facilitating coordination. Technology and e-commerce help businesses control by providing tools to optimize planning and access data on finances, customers, and performance to determine strategies. The essentials of effective controlling include having a system that is suitable, timely, objective, flexible, economical, motivational, focuses on corrections, reflects the organization, considers the human factor, maintains direct control, and focuses on strategic points.
This document discusses the process of controlling in management. It defines controlling as measuring performance against standards and taking corrective action when needed. The key steps in the controlling process are: 1) Establishing standards of measurement, 2) Measuring actual performance, 3) Comparing actual performance to standards, 4) Analyzing causes of deviation, and 5) Taking corrective action. The document also discusses different types of controls like feed-forward, concurrent, and feedback controls and prerequisites for an effective control system like being simple, objective, and flexible.
This document discusses controlling as a key management function that involves monitoring performance, comparing it to standards, and taking corrective actions when needed. It outlines the process of controlling, including establishing standards, measuring actual performance, comparing to standards, and correcting deviations. The document also discusses essential elements of an effective control system, different budgetary and non-budgetary control techniques used by businesses, advantages and limitations of control methods, and factors that determine good control.
Control is a key managerial function that involves setting performance standards, measuring actual performance against those standards, analyzing any deviations, and taking corrective actions. An effective control system is forward-looking, detects deviations promptly, focuses on critical points, is objective and flexible, and motivates improvement. Setting standards and measuring performance allows managers to identify gaps and ensure organizational goals are met.
This document outlines the key aspects of controlling as a managerial function. It defines controlling as ensuring everything is carried out according to plan. Effective controls have several important characteristics: they are accurate, timely, objective, focused on strategic points, economically realistic, organizationally realistic, coordinated with workflow, flexible, prescriptive, and accepted by members. The control process involves establishing standards and methods to measure performance, measuring performance, determining if it matches standards, and taking corrective action if needed. Types of controls include budgetary controls using budgets and non-budgetary controls. Strategic control focuses on future goals rather than past performance.
7Keeping Things in CheckControls and the Control Process.docxsleeperharwell
7
Keeping Things in Check
Controls and the Control Process
Learning Objectives
After Studying This Chapter, Students Should Be Able To
· Understand the elements of control, measurement tools, and corrective steps
· Differentiate among the types of controls utilized within an organization
· Employ control strategies for effective management
· Identify which control processes are effective in an operational setting
· Describe an integrated planning process
Chapter Summary
Chapter 7 focuses on maintaining control by becoming adept at utilizing various control techniques and processes.
Components of the Control Process
There are four basic components of the control process:
1. Planning: Sets the directions and allocates resources.
2. Organizing: Brings people and material resources together in working combinations.
3. Leading: Inspires people to best utilize these resources.
4. Controlling: Checks that the right things happen, in the right way, and at the right time.
Objectives and Standards
· Objectives provide the performance targets.
· Output standards measure results in terms of performance quantity, quality, cost, or time.
· Input standards measure effort in terms of the amount of work expended in task performance.
Measurement Tools
Managers are able to not only adopt measurement tools by which success can be determined, but they also can use historical comparison (historical information), relative comparison (comparing to performances of others), or engineering comparison (comparing to scientific standards as a means of evaluating performance).
Corrective Action
The last step in the control process is to take any action necessary to correct or improve future performance. Management by exception can be used to direct action on problems requiring more urgent attention.
Effective Controls
The best managers, by contrast, are proactive and positive in applying the control process to full advantage. Effective controls in organizations share the following characteristics:
· Controls are understandable: They support decision making by presenting data in understandable terms; they do not involve complex reports and hard-to-understand statistics.
· Controls encourage self-control: They allow for mutual trust, good communication and participation among everyone involved.
· Controls are timely and exception-oriented: They report deviations quickly, lending insight into why a performance gap exists and what you can do to correct it.
· Controls are positive in nature: They emphasize their contribution to development, change, and systems improvement; they deemphasize their role in penalties and reprimands.
· Controls are fair and objective: They are considered impartial and accurate by everyone; they are respected for one fundamental purpose—performance enhancement.
· Controls are flexible: They leave room for individual judgment and can be modified to fit new circumstances as they arise.
Types of Control
A variety of control strat.
This document discusses controlling and evaluation mechanisms in nursing management. It outlines the six steps of controlling as establishing performance standards, conducting job analyses, monitoring and measuring performance, comparing performance to standards, taking corrective action, and using preventative methods like coaching. Evaluation ensures quality of care, establishes comparisons, and promotes self-monitoring and improvement. Effective control focuses on critical factors, integrates with processes, gains employee acceptance, provides timely information economically, and is accurate and comprehensible. Performance appraisal is a key control process that evaluates employees against standards for compensation, career planning, feedback, training, and human resource planning. Establishing appropriate standards and effectively evaluating performance against those standards is essential for controlling in nursing management.
This document discusses controlling as a function of management. It outlines qualities of an effective control system including accuracy, timeliness, flexibility, acceptability, integrity, strategic placement, corrective action, and emphasis on exceptions. It also discusses types of controls including market, bureaucratic, and clan controls. Finally, it examines the control process including establishing objectives and standards, measuring actual performance, comparing results to objectives, and taking corrective action.
Principle and practice of management third lectureDhawal Malot
This document discusses management control and provides details on the concept, characteristics, relationship to planning, steps in the control process, and types of control techniques. It defines management control as measuring current performance against predetermined objectives to guide performance. The key steps in the control process are establishing standards, measuring and comparing actual results to standards, and taking corrective action for any deviations. Control techniques discussed include budgeting, standard costing, responsibility accounting, reports, and rules/limitations.
This document discusses the basic control process in organizations. It involves 3 main steps: 1) establishment of standards, 2) measurement of performance against standards, and 3) correction of deviations from standards. Effective control systems focus on critical points, are integrated into existing processes, and have buy-in from employees. Controls make plans effective, ensure consistency, provide feedback, and aid decision making. To be effective, controls must be tailored to individual roles and plans, highlight exceptions, remain flexible, and achieve an appropriate cost-benefit balance.
Copy of [Original size] Blue Engineering Professional Presentation.pdfYashuMaru
The document discusses various techniques for controlling in organizations, including both traditional and modern approaches. It provides details on traditional techniques like personal observation, statistical reports, break-even analysis, and budgetary control. It then covers modern techniques such as return on investment, ratio analysis, responsibility accounting, PERT and CPM, and management audits. The document also compares traditional and modern organizations, noting that modern organizations are more dynamic, flexible, embrace risk, and adapt more quickly to technological changes. It stresses that effective control requires selecting the most suitable techniques based on factors like the organization's operations, policies, focus areas, costs, and available resources.
Controlling is one of the key managerial functions that involves monitoring performance, comparing results to standards, and taking corrective actions. There are three main types of organizational control systems: output control using budgets and goals, behavioral control through direct supervision, and bureaucratic control via rules and procedures. Additionally, clan control focuses on shared values and norms to influence behavior within an organization. Effective control requires establishing standards, measuring performance, identifying deviations, and implementing appropriate actions to minimize variations from objectives.
This document discusses controlling as a management function. It defines controlling as a process of monitoring performance and taking action to ensure desired results. The controlling process involves establishing objectives and standards, measuring actual performance, comparing results to objectives and standards, and taking any necessary corrective action. The document outlines different types of controls like preliminary, concurrent, and postaction controls. It also discusses internal and external controls, organizational control systems, and operations management and control techniques. The overall purpose is to explain how controlling is a key management function for ensuring organizational performance meets established objectives and standards.
This document provides an overview of a group presentation on managerial control given by seven students at Nepal College of Management. It begins with an acknowledgement of those who helped make the presentation possible, including their instructor Mr. C.P. Rijal. The contents section outlines the topics to be covered, including the meaning and concept of controlling, its importance, types of managerial control, outcomes of controlling on performance, the controlling process, performance measurement tools, and issues and challenges.
Controlling is an essential management function that ensures organizational resources are used effectively and efficiently to achieve goals. It involves establishing standards, measuring performance against those standards, identifying deviations, and taking corrective actions. There are three main types of control: feedforward, concurrent, and feedback. An effective control system must reflect the nature of the activities, report deviations quickly, be flexible, economical, understandable, and ensure corrective actions are taken when needed. Proper controlling is important for organizations to adapt to changes, improve quality, speed up processes, and add value.
Unit 5 CSM: Strategic Evaluation and ComtrolDayanand Huded
The chapter comprises of Overview of Strategic Evaluation; Strategic Control; Techniques of Strategic Evaluation and Control. Evaluation of Strategic Alternatives - Product Portfolio Models, BCG Matrix, GE Matrix, Gap Analysis; Strategic Control System.
Strategic evaluation and control is the final phase in the process of strategic management. Its basic purpose is to ensure that the strategy is achieving the goals and objectives set for the strategy. It compares performance with the desired results and provides the feedback necessary for management to take corrective action.
According to Fred R. David, strategy evaluation includes three basic activities
(1) examining the underlying bases of a firm’s strategy,
(2) comparing expected results with actual results, and
(3) taking corrective action to ensure that performance conforms to plans. Sometime, the best formulated strategies become obsolete (outdated) as a firm’s external and internal environments change.
Strategic control is a type of “steering control”. We have to track the strategy as it is being implemented, detect any problems or changes in the predictions made, and make necessary adjustments. This is especially important because the implementation process itself takes a long time before we can achieve the results.
Strategic control is like an alarm long before the calamity can happen.
Operational control is the process of ensuring that specific tasks are carried out effectively and efficiently. The operational control aims at evaluating the performance of the organization. Most of the control system in organization are operational in nature. Some examples of operational control are : Budgetary control, Quality control, Inventory control, Production Control, Cost control etc.
Portfolio Model is a technique used to analyse organisations in relation to their environments
Portfolio (set, collection, assortment, range, group)
A business Portfolio may be any collection of brands/products, markets, branches /divisions, income generating assets, etc.
PA is usually applied to firms with multiple SBUs (more than one product/services, customer categories, markets , divisions)
Helps managers in taking decisions regarding which SBUs to allocate more or less resources to at a given strategic point in time
After portfolio analysis firm makes an informed strategic choice e.g.
To have a balanced portfolio (minimize risk and maximize return) of all portfolios
To actively deploy a retrenchment strategy
INDUSTRIAL MANAGEMENT.
Controlling ensures that there is effective and efficient utilization of organizational resources so as to achieve the planned goals.
The document discusses the concept of controlling in management. It states that controlling is a six-step process that involves setting performance standards, monitoring performance, comparing performance to standards, taking corrective actions, and using preventative methods like coaching. The document also discusses different types of controls like feedforward, concurrent and feedback controls; advantages and limitations of controls; and approaches to quality assurance like structure, process and outcome approaches.
The document discusses the concepts of planning and control in organizational management. It states that control is necessary for organizations to efficiently utilize scarce resources and ensure purposeful employee behavior. Control involves evaluating performance against plans and taking corrective actions when needed. Planning provides the standards and goals that control measures and ensures compliance with. There is a reciprocal relationship between planning and control as they inform and rely on each other.
The document discusses the concept of control in management. It defines control as measuring and correcting performance to ensure goals are met. Key aspects of control include setting standards, measuring performance, comparing results to standards, and taking corrective actions. Control helps organizations operate efficiently and achieve their objectives by monitoring performance and addressing any deviations. Various control techniques are outlined, including different types of standards, comparisons, and corrective actions.
Controlling involves comparing actual performance to planned performance and taking corrective actions for any deviations. It is an important function that helps achieve organizational goals, evaluate standards, improve efficiency, motivate employees, and ensure coordination and discipline. Controlling is ongoing, both backward-looking to compare actual and planned performance, and forward-looking to improve future results. The controlling process involves setting standards, measuring actual performance, analyzing deviations, and taking corrective actions. Planning and controlling are interrelated and reinforce each other, with planning providing standards for controlling, while controlling measures effectiveness and informs future planning.
The following are the essential or basic requirements of an effective management control system: Suitable: The control system must be suitable for the kind of activity intended to serve. Understandable: The system must be understandable, i.e., the control information supplied should be... ...
effective control systems in healthcare
effective strategic control systems
what is effective control
effective management control
effective control definition
is the school system effective
characteristics of effective control system
effective control overall control
management control systems ppt
distributed control system ppt
ppt effective communication
effective ppt presentation rules
how to make effective ppt
types of information systems ppt
IRJET- A Review of Performance Management Systems in Manufacturing Indust...IRJET Journal
This document provides a review of performance management systems in manufacturing industries. It begins with an abstract discussing efforts to understand outcomes of Performance Management Systems (PMS) and standards to judge their effectiveness. It then examines the need for PMS and how organizations are adapting existing practices. The document outlines characteristics of an ideal PMS, the role of PMS, definitions of performance measurement, advantages and limitations of PMS. It provides details on steps to implement a successful PMS and concludes with discussing how PMS can enable organizational change.
Controlling is a management function that involves monitoring performance, comparing results to standards, and taking corrective action. There are three main steps to the control process: measuring actual performance, comparing results to objectives and standards, and taking necessary actions to address any deviations. Control can take various forms, including feedforward, concurrent, and feedback control, and internal and external controls. The goal is to ensure activities and results align with plans and objectives.
Controlling is the process of measuring and correcting performance to ensure goals are met. It involves establishing standards, measuring performance against those standards, identifying deviations, and taking corrective action. Controlling is important for accomplishing goals, ensuring efficient resource use, improving employee motivation, and facilitating coordination. There are three types of controlling: feed-forward which establishes policies before work, concurrent which monitors work in real-time, and feedback which examines past performance to improve. An effective control system is accurate, timely, objective, focused on key areas, economically realistic, and accepted by employees.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
This document discusses controlling and evaluation mechanisms in nursing management. It outlines the six steps of controlling as establishing performance standards, conducting job analyses, monitoring and measuring performance, comparing performance to standards, taking corrective action, and using preventative methods like coaching. Evaluation ensures quality of care, establishes comparisons, and promotes self-monitoring and improvement. Effective control focuses on critical factors, integrates with processes, gains employee acceptance, provides timely information economically, and is accurate and comprehensible. Performance appraisal is a key control process that evaluates employees against standards for compensation, career planning, feedback, training, and human resource planning. Establishing appropriate standards and effectively evaluating performance against those standards is essential for controlling in nursing management.
This document discusses controlling as a function of management. It outlines qualities of an effective control system including accuracy, timeliness, flexibility, acceptability, integrity, strategic placement, corrective action, and emphasis on exceptions. It also discusses types of controls including market, bureaucratic, and clan controls. Finally, it examines the control process including establishing objectives and standards, measuring actual performance, comparing results to objectives, and taking corrective action.
Principle and practice of management third lectureDhawal Malot
This document discusses management control and provides details on the concept, characteristics, relationship to planning, steps in the control process, and types of control techniques. It defines management control as measuring current performance against predetermined objectives to guide performance. The key steps in the control process are establishing standards, measuring and comparing actual results to standards, and taking corrective action for any deviations. Control techniques discussed include budgeting, standard costing, responsibility accounting, reports, and rules/limitations.
This document discusses the basic control process in organizations. It involves 3 main steps: 1) establishment of standards, 2) measurement of performance against standards, and 3) correction of deviations from standards. Effective control systems focus on critical points, are integrated into existing processes, and have buy-in from employees. Controls make plans effective, ensure consistency, provide feedback, and aid decision making. To be effective, controls must be tailored to individual roles and plans, highlight exceptions, remain flexible, and achieve an appropriate cost-benefit balance.
Copy of [Original size] Blue Engineering Professional Presentation.pdfYashuMaru
The document discusses various techniques for controlling in organizations, including both traditional and modern approaches. It provides details on traditional techniques like personal observation, statistical reports, break-even analysis, and budgetary control. It then covers modern techniques such as return on investment, ratio analysis, responsibility accounting, PERT and CPM, and management audits. The document also compares traditional and modern organizations, noting that modern organizations are more dynamic, flexible, embrace risk, and adapt more quickly to technological changes. It stresses that effective control requires selecting the most suitable techniques based on factors like the organization's operations, policies, focus areas, costs, and available resources.
Controlling is one of the key managerial functions that involves monitoring performance, comparing results to standards, and taking corrective actions. There are three main types of organizational control systems: output control using budgets and goals, behavioral control through direct supervision, and bureaucratic control via rules and procedures. Additionally, clan control focuses on shared values and norms to influence behavior within an organization. Effective control requires establishing standards, measuring performance, identifying deviations, and implementing appropriate actions to minimize variations from objectives.
This document discusses controlling as a management function. It defines controlling as a process of monitoring performance and taking action to ensure desired results. The controlling process involves establishing objectives and standards, measuring actual performance, comparing results to objectives and standards, and taking any necessary corrective action. The document outlines different types of controls like preliminary, concurrent, and postaction controls. It also discusses internal and external controls, organizational control systems, and operations management and control techniques. The overall purpose is to explain how controlling is a key management function for ensuring organizational performance meets established objectives and standards.
This document provides an overview of a group presentation on managerial control given by seven students at Nepal College of Management. It begins with an acknowledgement of those who helped make the presentation possible, including their instructor Mr. C.P. Rijal. The contents section outlines the topics to be covered, including the meaning and concept of controlling, its importance, types of managerial control, outcomes of controlling on performance, the controlling process, performance measurement tools, and issues and challenges.
Controlling is an essential management function that ensures organizational resources are used effectively and efficiently to achieve goals. It involves establishing standards, measuring performance against those standards, identifying deviations, and taking corrective actions. There are three main types of control: feedforward, concurrent, and feedback. An effective control system must reflect the nature of the activities, report deviations quickly, be flexible, economical, understandable, and ensure corrective actions are taken when needed. Proper controlling is important for organizations to adapt to changes, improve quality, speed up processes, and add value.
Unit 5 CSM: Strategic Evaluation and ComtrolDayanand Huded
The chapter comprises of Overview of Strategic Evaluation; Strategic Control; Techniques of Strategic Evaluation and Control. Evaluation of Strategic Alternatives - Product Portfolio Models, BCG Matrix, GE Matrix, Gap Analysis; Strategic Control System.
Strategic evaluation and control is the final phase in the process of strategic management. Its basic purpose is to ensure that the strategy is achieving the goals and objectives set for the strategy. It compares performance with the desired results and provides the feedback necessary for management to take corrective action.
According to Fred R. David, strategy evaluation includes three basic activities
(1) examining the underlying bases of a firm’s strategy,
(2) comparing expected results with actual results, and
(3) taking corrective action to ensure that performance conforms to plans. Sometime, the best formulated strategies become obsolete (outdated) as a firm’s external and internal environments change.
Strategic control is a type of “steering control”. We have to track the strategy as it is being implemented, detect any problems or changes in the predictions made, and make necessary adjustments. This is especially important because the implementation process itself takes a long time before we can achieve the results.
Strategic control is like an alarm long before the calamity can happen.
Operational control is the process of ensuring that specific tasks are carried out effectively and efficiently. The operational control aims at evaluating the performance of the organization. Most of the control system in organization are operational in nature. Some examples of operational control are : Budgetary control, Quality control, Inventory control, Production Control, Cost control etc.
Portfolio Model is a technique used to analyse organisations in relation to their environments
Portfolio (set, collection, assortment, range, group)
A business Portfolio may be any collection of brands/products, markets, branches /divisions, income generating assets, etc.
PA is usually applied to firms with multiple SBUs (more than one product/services, customer categories, markets , divisions)
Helps managers in taking decisions regarding which SBUs to allocate more or less resources to at a given strategic point in time
After portfolio analysis firm makes an informed strategic choice e.g.
To have a balanced portfolio (minimize risk and maximize return) of all portfolios
To actively deploy a retrenchment strategy
INDUSTRIAL MANAGEMENT.
Controlling ensures that there is effective and efficient utilization of organizational resources so as to achieve the planned goals.
The document discusses the concept of controlling in management. It states that controlling is a six-step process that involves setting performance standards, monitoring performance, comparing performance to standards, taking corrective actions, and using preventative methods like coaching. The document also discusses different types of controls like feedforward, concurrent and feedback controls; advantages and limitations of controls; and approaches to quality assurance like structure, process and outcome approaches.
The document discusses the concepts of planning and control in organizational management. It states that control is necessary for organizations to efficiently utilize scarce resources and ensure purposeful employee behavior. Control involves evaluating performance against plans and taking corrective actions when needed. Planning provides the standards and goals that control measures and ensures compliance with. There is a reciprocal relationship between planning and control as they inform and rely on each other.
The document discusses the concept of control in management. It defines control as measuring and correcting performance to ensure goals are met. Key aspects of control include setting standards, measuring performance, comparing results to standards, and taking corrective actions. Control helps organizations operate efficiently and achieve their objectives by monitoring performance and addressing any deviations. Various control techniques are outlined, including different types of standards, comparisons, and corrective actions.
Controlling involves comparing actual performance to planned performance and taking corrective actions for any deviations. It is an important function that helps achieve organizational goals, evaluate standards, improve efficiency, motivate employees, and ensure coordination and discipline. Controlling is ongoing, both backward-looking to compare actual and planned performance, and forward-looking to improve future results. The controlling process involves setting standards, measuring actual performance, analyzing deviations, and taking corrective actions. Planning and controlling are interrelated and reinforce each other, with planning providing standards for controlling, while controlling measures effectiveness and informs future planning.
The following are the essential or basic requirements of an effective management control system: Suitable: The control system must be suitable for the kind of activity intended to serve. Understandable: The system must be understandable, i.e., the control information supplied should be... ...
effective control systems in healthcare
effective strategic control systems
what is effective control
effective management control
effective control definition
is the school system effective
characteristics of effective control system
effective control overall control
management control systems ppt
distributed control system ppt
ppt effective communication
effective ppt presentation rules
how to make effective ppt
types of information systems ppt
IRJET- A Review of Performance Management Systems in Manufacturing Indust...IRJET Journal
This document provides a review of performance management systems in manufacturing industries. It begins with an abstract discussing efforts to understand outcomes of Performance Management Systems (PMS) and standards to judge their effectiveness. It then examines the need for PMS and how organizations are adapting existing practices. The document outlines characteristics of an ideal PMS, the role of PMS, definitions of performance measurement, advantages and limitations of PMS. It provides details on steps to implement a successful PMS and concludes with discussing how PMS can enable organizational change.
Controlling is a management function that involves monitoring performance, comparing results to standards, and taking corrective action. There are three main steps to the control process: measuring actual performance, comparing results to objectives and standards, and taking necessary actions to address any deviations. Control can take various forms, including feedforward, concurrent, and feedback control, and internal and external controls. The goal is to ensure activities and results align with plans and objectives.
Controlling is the process of measuring and correcting performance to ensure goals are met. It involves establishing standards, measuring performance against those standards, identifying deviations, and taking corrective action. Controlling is important for accomplishing goals, ensuring efficient resource use, improving employee motivation, and facilitating coordination. There are three types of controlling: feed-forward which establishes policies before work, concurrent which monitors work in real-time, and feedback which examines past performance to improve. An effective control system is accurate, timely, objective, focused on key areas, economically realistic, and accepted by employees.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
[To download this presentation, visit:
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These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
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Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
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2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
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12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
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Innovation Management Frameworks: Your Guide to Creativity & Innovation
control-and-its-process-icsi.pdf
1. Control And Its Process
Batch: FO_J11_01
Subject: Management
CS Foundation Programme
The ICSI Ahmedabad Chapter
2. Introduction
Controlling is an important function of management. It is
the process that measures current performance and guides
it towards some predetermined objectives
The modern concept of control envisages a system that not
only provides a historical record of what has happened to
the business as a whole but also pinpoints the reasons why
it has happened and provides data that enable the manager
to take corrective steps, if he finds he is on the wrong track.
3. DEFINITION
According to George R Terry - "Controlling is
determining what is being accomplished i.e.,
evaluating the performance and if necessary,
applying corrective measures so that the
performance takes place according to plans."
In the words of Haynes and Massie -
"Fundamentally, control is any process that guides
activity towards some predetermined goal. The
essence of the concept is in determining whether
the activity is achieving the desired results”.
4. STEPS IN CONTROL PROCESS
1. Establishing standards.
2. Measuring and comparing actual results against
standards.
3. Taking corrective action.
5. Establishing Standards
The first step in the control process is to establish
standards against which results can be measured.
The standards the managers desire to obtain in
each key area should be defined as far as possible in
quantitative terms.
Standards expressed in general terms should be
avoided.
Standards need to be flexible in order to adapt to
changing conditions.
6. Measuring and Comparing actual
Results against Standards
Measurement of performance can be done by
personal observation, by reports, charts and
statements.
If the control system is well organised, quick
comparison of these with the standard figure is
quite possible.
A quick comparison of actual performance with the
standard performance is possible, if the control
system is well organised.
7. Taking Corrective Action
After comparing the actual performance with the
prescribed standards and finding the deviations, the
next step that should be taken by the manager is to
correct these deviations.
Corrective action should be taken without wasting
of time so that the normal position can be restored
quickly.
These steps must be repeated periodically until the
organizational goal is achieved.
8. ESSENTIALS OF EFFECTIVE
CONTROL SYSTEMS
1. Suitable: The control system should be
appropriate to the nature and needs of the activity.
In other words, control should be tailored to fit the
needs of the organisation.
2. Timely and Forward Looking: The feedback
system should be as short and quick as possible. If
the control reports are not directed at future, they
are of no use as they will not be able to suggest the
types of measures to be taken to rectify the past
deviations.
9. ESSENTIALS OF EFFECTIVE
CONTROL SYSTEMS
3. Objective and Comprehensive: The control system
should be both, objective an understandable. Objective
controls specify the expected results in clear and definite
terms and leave little room for argument by the employees.
4. Flexible: The control system should be flexible so that it
can be adjusted to suit the needs of any change in the
environment. A sound control system will remain workable
even when the plans change or fail outright. It must be
responsive to changing conditions.
5. Economical: Economy is another requirement of every
control. The benefit derived from a control system should
be more than the cost involved in implementing it.
10. ESSENTIALS OF EFFECTIVE
CONTROL SYSTEMS
6. Acceptable to Organisation Members: The system
should be acceptable to organisation members. When
standards are set unilaterally by upper level managers, there
is a danger that employees will regard those standards as
unreasonable or unrealistic.
7. Motivate People to High Performance: A control system
is most effective when it motivates people to high
performance.
8. Corrective Action: Merely pointing of deviations is not
sufficient in a good control system. It must lead to
corrective action to be taken to check deviations from
standard through appropriate planning, organizing and
directing.
11. ESSENTIALS OF EFFECTIVE
CONTROL SYSTEMS
9. Reflection of Organisation Pattern: Organization is not merely a
structure of duties and function, it is also an important vehicle of control.
In enforcing control the efficiency and the effectiveness of the
organisation must be clearly brought out.
10. Human Factor: A good system of control should find the persons
accountable for results, whenever large deviations take place. They must
be guided and directed if necessary.
11. Direct Control: Any control system should be designed to maintain
direct contact between the controller and controlled. Even when there are
a number of control systems provided by staff specialists, the foreman at
the first level is still important because he has direct knowledge of
performance.
12. Focus on Strategic Points: A good system of control not only points
out the deviations or exceptions but also pinpoints them where they are
important or strategic to his operations.
12. Budgetary Control
Budget: “A financial and/or quantitative statement
prepared prior to a defined period of time of the
policy to be pushed during that period for the
purpose of attaining a good objective.”
Budgetary control “The establishment of objectives
relating to the responsibilities of executive to the
requirements of a policy and the continuous
comparison of actual with budgeted results, either
to secure by individual action the objective of that
policy or to provide a basis of its revision.”
13. Purpose of Budgeting
To develop an organized procedure for planning
Means Coordination
A basis of control
Increase efficiency in the field of production
To determine capital requirement
To encourage research and development
To increase utility of cost records
14. Benefits of Budgeting
1. Maximum efficiency
2. Scrutinizing of the Expenses
3. Gives a target
4. Management by exception
5. No overlapping of the activities
15. Danger in Budgeting
1. Cumbersome and costly
2. Prime importance to departmental goals than
whole enterprise goal
3. Time consuming
4. Rigid
16. Essentials for Success
Objectives must be defined
There should be a budget director
Must be appropriate for changing condition,
strategies of the firm.
Must be flexible
Limiting factors must be located
Sufficient time to be allowed for budget programme
17. Reporting
The report should be factual and objective
The report should be brief and concise but clear
Report must show what is exceptional
Report must be shelved which is not used
One copy must be given to the responsible person
of department.
Report should be prompt.
18. Non Budgetary Control devices
1. BEP Analysis
2. Internal Audit
3. Statistical Data
4. Personal observation
19. Control of over all performance
1. Budget summaries and reports
2. P&L control
3. ROI
4. Internal external Audit
5. Key Results
Profitability
Productivity
Employee Attitude
6. Control through inter firm comparison
20. Network Analysis
It is a technique for planning and controlling
complex projects and for scheduling the resources
required on such projects.
The result of this analysis are represented
diagrammatically as a network of interrelated
activities.
21. CPM and PERT
A critical path consists of that set of dependent
tasks (each dependent on the preceding one), which
together take the longest time to complete.
This path is shown with the network diagram
It defines most critical activities where to pay more
attention.
It assist in avoiding waste of time, energy and
money on unimportant activities.
22. CPM and PERT
Program evaluation and review technique (PERT) is a variation on
Critical Path Analysis that takes a slightly more sceptical view of time
estimates made for each project stage.
PERT charts depict task, duration and dependency information.
It assist project manager in
1. Planning and schedules and costs
2. Determining time and cost status
3. Forecasting and manpower skill requirement
4. Predicting schedules slippages
5. Developing alternative time cost plans
6. Allocating resource among tasks
23. Management Audit
Management Audit may be defined as the
systematic and dispassionate examination, analysis
and appraisal of management’s overall performance.
For example, production efficiency and investment
Financial audit is compulsory, looks into past and
useful for the external parties more.
Management audit is not compulsory, looks into
future and mostly for internal purpose.
24. Appraisal Areas
1. Economic function
2. Corporate structure
3. Health of earnings
4. Service of shareholders
5. Research and development
6. Directorate analysis
7. Fiscal policies
8. Production efficiency
9. Sales vigor
10. Executive evaluation.